Consolidated-Tomoka Land Co. (NYSEMKT:CTO) operates as a diversified real estate operating company in the United States.
Insider buying during the last 30 days
Here is a table of Consolidated-Tomoka Land's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Mark Patten||CFO||March 12-13||500||5,600 shares||+9.8%|
|Jeffry Fuqua||Director||March 11-13||3,000||10,000 shares||+42.9%|
|John Albright||President||March 12||1,000||48,900 shares||+2.1%|
|Thomas Warlow||Director||March 12||500||2,700 shares||+22.7%|
There have been 5,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Consolidated-Tomoka Land's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 11,900 shares purchased, and there have been 36,700 shares sold by insiders since January 2013. The month of March 2014 has seen the most insider buying.
Consolidated-Tomoka Land reported the full-year 2013 financial results on February 11 with the following highlights:
|Net income from continuing operations||$2.6 million|
|Book value||$20.53 per share|
The four insiders purchased their shares after these results.
Consolidated-Tomoka Land has grown revenues since 2011.
Consolidated-Tomoka Land's 2014 guidance is as follows:
|Acquisition of Income Producing Assets||$50-$60 million|
|Target Investment Yields||6%-9%|
|Qtrly Rev Growth (yoy):||1.30||-0.30||0.22||0.44|
|PEG (5 yr expected):||N/A||N/A||N/A||3.44|
Consolidated-Tomoka Land has the fastest revenue growth among these four companies.
Here is a table of these competitors' insider activities during the last six months.
|Company||Insider buying / shares||Insider selling / shares|
Only Consolidated-Tomoka Land has seen intensive insider buying during the last 30 days.
There have been four different insiders buying Consolidated-Tomoka Land, and there have not been any insiders selling Consolidated-Tomoka Land during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Consolidated-Tomoka Land has an insider ownership of 1.48%.
The four insiders purchased their shares at prices ranging from $36.01 to $36.43. I believe Consolidated-Tomoka Land could be a good pick below $36.50 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CTO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.